aleatory promise


aleatory promise
A promise, the performance of which is by its own terms subject to happening of uncertain and fortuitous event or upon some fact existence or past occurrence of which is also uncertain and undetermined. Tyree v. Stone, 62 Wash.2d 694, 384 P.2d 626, 629

Black's law dictionary. . 1990.

Look at other dictionaries:

  • aleatory promise — see promise Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • promise — prom·ise n: a declaration or manifestation esp. in a contract of an intention to act or refrain from acting in a specified way that gives the party to whom it is made a right to expect its fulfillment aleatory promise: a promise (as to compensate …   Law dictionary

  • promise — A declaration which binds the person who makes it, either in honor, conscience, or law, to do or forbear a certain specific act, and which gives to the person to whom made a right to expect or claim the performance of some particular thing. A… …   Black's law dictionary

  • aleatory contract — /eyliyatoriy kontraekt/ A mutual agreement, of which the effects, with respect both to the advantages and losses, whether to all the parties or to some of them, depend on an uncertain event. Restatement of Contracts, No. 291. Contracts in which… …   Black's law dictionary

  • contract — con·tract 1 / kän ˌtrakt/ n [Latin contractus from contrahere to draw together, enter into (a relationship or agreement), from com with, together + trahere to draw] 1: an agreement between two or more parties that creates in each party a duty to… …   Law dictionary

  • arrangement — Synonyms and related words: Nachtmusik, abatement of differences, absolute music, accommodation, accord, adaptation, adjunct, adjustment, adornment, affair, agreement, air varie, aleatory, aleatory music, alignment, analysis, anatomy, appointment …   Moby Thesaurus

  • contract — An agreement between two or more persons which creates an obligation to do or not to do a particular thing. As defined in Restatement, Second, Contracts No. 3: A contract is a promise or a set of promises for the breach of which the law gives a… …   Black's law dictionary

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